Bitcoin drops below $20,000; $70 billion wiped out in the crypto market

Bitcoin has been under pressure since the Federal Reserve signaled interest rates could move higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Bitcoin fell below $20,000 on Friday, reaching an all-time low in nearly two months, following a sell-off in the US stock market … Read more

Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation

Dizziness3d | iStock| Getty Images Cryptocurrency prices fell on Thursday after Silvergate, a bank central to the industry’s growth, decided to close. Bitcoin fell 2% to $21,570.04, according to Coin Metrics. Ether lost nearly 2% and last traded at $1,527.58. The slight move to the downside began late Wednesday, a few hours after Silvergate Capital … Read more